US LBM Files for IPO
Reuters is reporting that US LBM Holdings Inc has filed for IPO of up to $100 million.
US LBM Holdings, a US distributor of specialty building materials for homebuilders and contractors, filed on Wednesday with the SEC to raise up to $100 million in an initial public offering.
Nasdaq reports that the Buffalo Grove, Ill.-based company was founded in 2009 and booked $2.7 billion in sales for the 12 months ended December 31, 2016. It has not yet selected an exchange, but plans to list under the symbol LBM. Barclays, RBC Capital Markets and Credit Suisse are the joint bookrunners on the deal. No pricing terms were disclosed.